Cricut, Inc. ( (CRCT) ) has released its Q3 earnings. Here is a breakdown of the information Cricut, Inc. presented to its investors.
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Cricut, Inc. is a creative technology company known for its connected platform that enables users to create DIY projects using its smart cutting machines and design software. In its third quarter of 2025, Cricut reported a revenue increase to $170.4 million, a 2% rise compared to the same period in 2024, and a significant 79% increase in net income to $20.5 million. The company also announced a recurring semi-annual dividend of $0.10 per share. Key financial highlights include a 114% increase in operating income and a 6% growth in paid subscribers, reaching over 3 million. Platform revenue rose by 7%, while product revenue saw a slight decline of 3%. The company remains debt-free, with $207 million in cash and cash equivalents. Looking forward, Cricut is focused on accelerating investments in hardware development and international market expansion to drive future growth, despite challenges such as tariffs.